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Stateler & Arrington, Gould & Curry, Virginia City, Nevada Territory Check Group (5) [199186]

Currency:USD Category:Collectibles / Mining Start Price:50.00 USD Estimated At:100.00 - 150.00 USD
Stateler & Arrington, Gould & Curry, Virginia City, Nevada Territory Check Group (5) [199186]
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Lot of 5, all issued in 1864 and signed by Charles Bonner, who replaced Charles Strong as supt. after his disastrous handling of the company's mill. All have US IR stamps. Two have red bank cancels. Stateler & Arrington were backed by the Bank of California. Their primary client was the Gould & Curry Mining Company. Stateler caused the bank to fail in 1864 after suspiciously trying to cash two large drafts from Wells Fargo (who provided the gold coin to cover the mine pay roll). William Ralston denied the second draft from going through, and Stateler closed the bank doors, defaulting on ~$20,000 owed Wells Fargo and $30,000 owed the Bank of California. To recoup their losses, the Bank of Cal. dispatched William Sharon to the Comstock, thus beginning the bank's eventual path to a monopoly.

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Date: 1864
Country (if not USA):
State: Nevada
City: Virginia City
Provenance: